Sunday, July 8, 2012

China Shuns US And Invests Direct In Iran Oil-Fields

Here is the fundamental question for China:  with more than $3 trillion in reserves, would they more likely invest in buying more USDollars, which despite its global reserve currency status, is a decrepit numeraire, or would China more likely investing in securing natural resources (e.g. oil, minerals) to sustain its industrial might today and into the future?  Gee, what a hard choice.

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